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Sarah Palin's enemies are automatically added to the Endangered Species List.

calendar   Wednesday - October 30, 2013

Ozymandius, With Carcinogens

gee ... how unexpected

Bankrupt solar panel firm took stimulus money, left a toxic mess

President Obama touted Abound in a July 3, 2010 announcement of a $2 billion “investment” in green energy projects.

“The second company is Abound Solar Manufacturing, which will manufacture advanced solar panels at two new plants, creating more than 2,000 construction jobs and 1,500 permanent jobs,” Obama said [and what a lying mother fucker he is]. “A Colorado plant is already underway, and an Indiana plant will be built in what’s now an empty Chrysler factory. When fully operational, these plants will produce millions of state-of-the-art solar panels each year.”

But less than two years later, the company laid off half of its 400 workers, and then, in the summer of 2012, filed for bankruptcy. It became the third clean-energy company to seek bankruptcy protection after receiving a loan from the Energy Department under the economic stimulus law. California solar panel maker Solyndra and Beacon Power, a Massachusetts energy-storage firm, also declared bankruptcy. Solyndra received a $528 million federal loan, while Beacon Power got a $43 million loan guarantee.

Colorado-based solar company that got hundreds of millions of dollars in federal loan guarantees before going belly-up didn’t just empty taxpayers’ wallets - it left behind a toxic mess of carcinogens, broken glass and contaminated water, according to a new report.

The Abound Solar plant, which got $400 million in federal loan guarantees in 2010, when the Obama administration sought to use stimulus funds to promote green energy, filed for bankruptcy two years later. Now its Longmont, Colo., facility sits unoccupied, its 37,000 square feet littered with hazardous waste, broken glass and contaminated water. The Northern Colorado Business Report estimates it will cost up to $3.7 million to clean and repair the building so it can again be leased.

“If a coal, oil or gas company pulled something like that the EPA would send out SWAT teams and the U.S. Marshals to track down the offenders, bankrupt or not.”

- National Legal and Policy Center, a think tank


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Posted by Drew458   United States  on 10/30/2013 at 11:21 PM   
Filed Under: • Obama, The OneOil, Alternative Energy, and Gas Prices •  
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Oh, and here's some kind of visitor flag counter thingy. Hey, all the cool blogs have one, so I should too. The Visitors Online thingy up at the top doesn't count anything, but it looks neat. It had better, since I paid actual money for it.
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